It’s the wine bottle that’s getting really costly
An unsexy option — wine in a box — could gather new steam as inflation and war in Eastern Europe increase prices for everything from wheat W00 to oil to the glass bottles used for centuries in winemaking.
Also... An unsexy option — wine in a box — could gather new steam as inflation and war in Eastern Europe increase prices for everything from wheat W00 to oil to the glass bottles used for centuries in winemaking. Also see: USDA says Russia’s actions raise uncertainty for agricultural supply, cuts world wheat export estimate“The cost of glass bottles in the U.S. has risen by as much as 20%, according to some brand owners, although most operators have seen much more modest price increases,” Stephen Rannekleiv, global strategist in the beverages division of Rabobank, wrote in the bank’s outlook.
The potential need for a “complete rethinking of packaging” due to costlier glass bottles isn’t the only pressure wine producers face after two years of pandemic, devastating 2020 wildfires and drought in California, snarled supply chains, hot inflation, and, since late February, Russian President Vladimir Putin’s unprovoked attack against Ukraine.
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